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President Challenges Nigerian Entrepreneurs to Invest in Mozambique’s Oil and Gas Sector

President Challenges Nigerian Entrepreneurs to Invest in Mozambique’s Oil and Gas Sector

The Mozambican President, Filipe Nyusi, on Wednesday, November 15, encouraged Nigerian businesspeople to invest more in Mozambique, especially in the oil and gas sector, drawing on their experience in exploiting these resources.

The wish was expressed in Maputo, during a farewell meeting that the Head of State held with the outgoing High Commissioner of the Federal Republic of Nigeria, Yamah Mohammed Mussa.

a d v e r t i s e m e n t

Speaking to the press after the audience granted by Nyusi, the Nigerian diplomat said that “during the talks, issues related to bilateral relations and mutual gains achieved in recent years were addressed”.

Quoted by the newspaper Noticias, Mussa highlighted as one of the major achievements the organization of the Mozambique-Nigeria Investment Forum, which took place in Maputo in October last year, an event that served to broaden economic cooperation between the two countries.

Through the Forum, entrepreneurs from Mozambique and Nigeria signed business partnerships in areas such as tourism, agribusiness, mineral resources and energy. 

According to Nigeria’s outgoing high commissioner, the increase in his country’s investment in Mozambique shows the excellence of relations between the two nations.

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The diplomat said it was imperative to extend cooperation to other sectors that could serve as catalysts for mutual development.

Nigerian investment in Mozambique, between 2016 and 2021, stood at over 44 million dollars, directed at different areas of economic activity, especially the banking sector.

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